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Whisky bottler and producer Glen Turner Company Ltd has reported a 151 per cent increase in annual profits as exports rose 14 per cent to £52.3 million.

London registered Glen Turner Company Ltd, which has its operational base on the outskirts of Bathgate, said overall sales rose more than eight per cent to £77.9 million in the 2014 year to December 31, bolstered from growth in European sales.

Sales in the UK dipped to £25.5 million, down from £26 million in 2013 and sales to Asia dipped to £6.49 million, down from £7.29 million in 2013.

However, gross margin rose to 26.7 per cent in 2014 from 23.6 per cent the prior year, which helped to lift pre-tax profits to £11.58 million, up from £4.61 million in 2013.

The company also notes in accounts now filed with Companies House, administrative expenses were down 25 per cent compared with 2013, which it said was due “primarily to exchange gains and a reduction in energy costs”.

Glen Turner Company Ltd, a subsidiary of Compagnie Financiere Europeenne de Prises de Participation SA, registered in France, acquired the Glen Moray Distillery and brand from Glenmorangie in 2008.

At the time of the acquisition, Glen Turner Company bottled Glen Turner single malt and Label 5 blended Scotch whisky – both of which are leading brands in the French market.

Glen Turner Company Ltd, based at starlaw industrial estate, notes its principal activities as distilling, blending and bottling of whisky.

The group which employs around 120 staff, is also the parent company of Glen Moray Distillery Ltd, producer of Glen Moray single malt whisky.

Glen Moray Distillery Ltd has reported a 17 per cent increase in annual sales in the 2014 year to £9.5 million on a 22 per cent increase in spirit sales.

Of the £9.5 million in sales booked by Glen Moray Distillery Ltd for the 2014 year, £6.97 million was sold to parent company, Glen Turner Company.

Glen Turner Company Ltd said it will now look to purchase more land to extend its warehousing facilities, having added two new maturation warehouses in the 2014 year, with work on a further two warehouses having started in the latter part of 2014, which are expected to be operational this year.

The group notes work was also “in progress” in the 2014 year to add evaporators and a new tank farm at Glen Moray Distillery in Elgin, and plans to make “significant investment” in barrels for maturation and storage in the 2015 year.

Glen Turner Company notes the value of stocks held rose to £106 million in 2014, up from £83.1 million in 2013.